MCDONALDS CORP — Director's Dealing 2006

Nov 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2006-11-10

Reporting Person: Stratton Jeffrey P (Corp Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-10	Common Stock	M	6000	$29.43	Acquired	6217	Direct
2006-11-10	Common Stock	S	4600	$42.02	Disposed	1617	Direct
2006-11-10	Common Stock	S	1400	$42.03	Disposed	217	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-10	Options (Right to Buy)	$29.43	M	6000	Disposed	2011-02-02	Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6	Indirect
Common Stock	11066	Indirect

Footnotes

F1: Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.